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The greatest key to success in this passive income source though, is to simply begin. There are variables like site age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your site for less than $5 a month using Blue Host and spend only a few hours every week to assemble it while you wait for it to begin producing that income you can count on.
Ill leave a link to a special offer by Blue Host below. Dont wait until you need the excess money to start your blog. I had been making a grand a month off my websites within a year of launching so even though your blog isnt large enough to replace your job, a grand per month remains pretty nice for a mainly passive income source. .
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I spoke about this next passive income idea in a recent video on the five investments which let me make money while stocks were crashing. Bear in mind thatback in February when the stock market plunged 10% within 2 months I came out ahead because I'd real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this video where I show the four secrets I learned over 20 years as a real estate investor. Four measures to choose that will guarantee your success! Watch the video here on YouTube.
I started my professional career as a commercial real estate analyst and Ive managed my own rental properties so property has always had a special place in my portfolio. No other asset has created as much long-term wealth as property.
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There are a couple of problems with direct investment in real estate though. Its expensive to purchase even a single property, a minimum of tens of thousands of dollars, and theres no way many investors can build a portfolio of different land types and in different regions to protect from these risks when you have all your money in just one or two investments. .
StREITwise provides a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is similar to a real estate investment trust in that it retains a collection of properties but more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a great way to diversify your property exposure. .
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The stREITwise 1st stREIT Office REIT invests in high quality office properties and as of the date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have obtained or managed over $5.4 billion in property and across all property types.
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You can invest as little as $1,000 in here are the findings each property which means you can build up a portfolio of different property types and in different areas for that diversification. In addition, you get professional management of those projects. The project owners send all debt or equity payouts through the platform and it has passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt affect them. Real estate costs may occur after the economy somewhat but there is still that natural demand from homeowners and commercial users so that affirms costs.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one stage because it provides me access to as many deals as possible. .
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Clients to the channel have likely already seen the movies on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 books that averaged $1,857 per month this past year.
Before you think you cant write a book, anyone can do so and it is so simple. In reality, self-publishing is a natural fit for bloggers since youre already writing this material. All you have to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on each publication and you can produce a new book every few months when youre really concentrated. The best part about self-publishing is that once you have it published on Amazon, theres nothing left to do. I spend about $20 click this link a month on advertising for each book and thats it. .